Well located in the main retailing pitch in Galashiels
Modern unit with extensive frontage
Neighbouring occupiers include WH Smith, Post Office, Santander and M&Co
For the Seller's Legal Pack, please click the Property Documents tab below
Lot 73
Auction 19th May 2016
Rent £45,000 per Annum Exclusive
Status Sold Prior
Price
Sector High Street Retail
Auction Venue The Radisson Blu Portman Hotel 22 Portman Square London W1H 7BG
Property Information
Location
Miles
31 miles south of Edinburgh, 38 miles west of Berwick-upon-Tweed
Roads
A68, A7
Air
Edinburgh Airport
Situation
The property occupies a prominent position on the north east side of Channel Street close to Douglas Bridge. Channel Street benefits from on street parking. Galashiels is a major commercial centre in the Scottish Borders. The town homes the main campus for the Borders College with an annual student intake per year of 5,500 people. The town is well connected to Edinburgh, with the Borders Railway being opened by the Queen on 6th September 2015. The journey time from Galashiels (Tweedbank) to Edinburgh Waverley is on average 51 minutes.
Tenure
Heritable.
Location
Miles
31 miles south of Edinburgh, 38 miles west of Berwick-upon-Tweed
Roads
A68, A7
Air
Edinburgh Airport
Situation
The property occupies a prominent position on the north east side of Channel Street close to Douglas Bridge. Channel Street benefits from on street parking. Galashiels is a major commercial centre in the Scottish Borders. The town homes the main campus for the Borders College with an annual student intake per year of 5,500 people. The town is well connected to Edinburgh, with the Borders Railway being opened by the Queen on 6th September 2015. The journey time from Galashiels (Tweedbank) to Edinburgh Waverley is on average 51 minutes.
Tenure
Heritable.
Description
The property comprises a well configured, modern retail unit arranged over ground and first floor level. The unit has a double frontage onto Channel Street, with the ground floor retail accommodation and first floor ancillary accommodation.
Six week completion
VAT
VAT is applicable to this lot.
Viewings
Interested parties must register their details with the Auctioneers and provide identification on site. Please contact Mhairi Jarvis. Telephone: +44 (0)131 552 5191.
EPC
The EPC will be available to view online in the solicitor’s legal pack.
Description
The property comprises a well configured, modern retail unit arranged over ground and first floor level. The unit has a double frontage onto Channel Street, with the ground floor retail accommodation and first floor ancillary accommodation.
Six week completion
VAT
VAT is applicable to this lot.
Viewings
Interested parties must register their details with the Auctioneers and provide identification on site. Please contact Mhairi Jarvis. Telephone: +44 (0)131 552 5191.
EPC
The EPC will be available to view online in the solicitor’s legal pack.
Tenancy & Accommodation
Floor
Use
Floor Areas (Approx)
Tenant
Term
Rent p.a.x
Reversion
Ground First
Retail Ancillary
220.27 sq m 210.05 sq m
(2,371 sq ft) (2,261 sq ft)
BONMARCHE LIMITED (1)
15 years from 10/03/2003 on a full repairing and insuring lease
£45,000
09/03/2018
Totals
430.32 sq m
(4,632 sq ft)
£45,000
(1) For the year ending 28th March 2015, Bonmarche Limited reported a turnover of £178,575,000, pre-tax profits of £12,626,000 and a total net worth of £22,528,000 (Source: Experian Group 21/04/2016)